From 1st January 2013, new EU VAT rules enter into effect

The European Commission underlined that new EU VAT rules enter into force from 1st January 2013. These rules are aimed at making life much simpler for businesses across Europe. Also, from 1st January 2013 enter into force stronger rules to fight tax evasion.

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€2.4 million to fund top research chairs in less-developed regions

The European Commission announced that it will start a pilot programme that will suppose that grants of up to €2.4 million will be awarded to universities or research institutions in less developed regions in Europe. According to the Commission, this initiative will support universities and other eligible organisations to achieve the level of research excellence needed to be competitive at international level.

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The Council adopted two regulations on the unitary patent

The Council adopted the regulation with a view to implementing enhanced cooperation in the area of the creation of unitary patent protection and the regulation on its translation arrangements.

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The Terrorist Finance Tracking Programme has been properly put in place

The second EU-US review of the implementation of the Terrorist Finance Tracking Programme (TFTP) shows that more than two years after its entry into force, this Programmes and its safeguards have been properly put in place. Nevertheless, the review pointed out that the on-going process of deleting data older than 5 years is an issue that requires further monitoring.

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The EU and Singapore agreed on the EU's second ambitious trade agreement with a key Asian trading partner

The EU and Singapore reached an agreement which is, according to the European Commission, one of the most comprehensive the EU has ever negotiated and will create new opportunities for companies from Europe and Singapore to do business together. After the EU-Korea FTA, the EU-Singapore FTA will be the EU's second ambitious agreement with a key Asian trading partner.

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